Member Info for faramog

2 quid Ophidian..... amen to that......

interesting comment about lemur

well CC .. was thinking about 30th Sept as well :-)

that is far too much maths for the average lazy broker Alfa LOL

Only a quick scan through (a 3 hr train journey to really read) but a couple of statements popped out at me ..

The value of the Vametco acquisition to Bushveld cannot be over-stated. The Vametco transaction, with a purchase price that was less than ten per cent of replacement value

Afritin
- A loss of £547,000 has been recognised in the consolidated income statement in respect of the de-merger - I must admit, I thought it was going to be somehwhat higher
- AfriTin successfully completed a private placement of new shares, with the result that Bushveld Minerals interest was diluted from 17.48 percent to 10.04 percent. Since Bushveld Minerals does not exercise significant influence over AfriTin, the investment has since been accounted for as a financial asset available for sale. .... for sale !!! .. I assume this is just accountancy speak - makes no sense to sell 10% yet surely

Overall.. looks good ... drooling at the next one which will show oodles of income and profit

@Daitcom .. its not $168m .. that for 100% .. we have 59.1% currently (but depending on the simplification in structure may well end up at circa 70% for the year)... that approx $100M .. so approx 76M quid .. that 7p attributable cash flow per share - so current SP is 2.6x ... a fair market would use 10-15 for an emerging cash generative player. so 75p+ .. less any factor for political situation in SA and fluctuations.

Assuming 70% ownership for 2nd half, then attributable CF would be around $109M (82M GBP)

Very hard to see how the end of year price will not be knocking on the 70+ door .. and that is just Vametco .. factor in some flows from Mokopane, early BE sales and Lemur (not forgetting all the other stuff) and who knows.

I see old mash-gas is back winding folk up .... just ignore....

not gonna be any time soon chap !!!

priceless Alfa ... I just filter

agreed .. my late father used to avidly read IC and kept loosing money .. I kept telling him its all out of date data and guessed opinion .. would not have it bless him

Meyers assumes a price of $50 with costs of $22 and next year a price of $35/kg ... so currently circa $75 with costs of circa $17 ... his uses may be behind the scenes in the deals but since that phase appears largely done and there is so much cash generation that could be leveraged, I personally am not interested in what he says any more.

Alfa summed it up great ... $3.5M profit a week of which 59% (currently) is Bushvelds .... Even with a base pe of 8 that would come out at around 60p a share .. (at 70% ownership would be 71p) ...will all uncoil in time

yes .. Q2 .. so H1 figures .. ta

The SP is now 18.2... so looking back at the recent history

18 months ago the SP was around 2.8p (+550%)
12 Months ago it was hovering around 8.5p (+114%)
3 months ago it was around 13p (+40%)
2 months ago peaked at 24p (ish) (-24%) ... just a bit of retractment

personally I am looking forward to another couple of hundred % by years end

Lots of flapping about short term volatility
- its AIM and its prone to vast short term movement
- its also summer (remember.. 'sell in May and go away' ... summer blues is an annual thing)
- Its Political - the uncertainty on the mining charter and Mokopane licence is bound to affect sentiment ... but will get sorted
- Its muppet brokers who will look at top line figures and write off ... boy will they regret that when H2 figures come out

Where else can you get so much coiled potential in one place so cheaply ....

... wash & rince with a Meyer moan thrown in..... chill ... nothing much is going to happen quickly given the charter uncertainty

ha ha Greybuzz... 0.21p for red... about what its worth

not a good read and rather suggests agreement by early aug seems unlikely

Compass.... FM has a long history of overdelivering and I susoect the 150M ebit was based on a lower av sale price than we will have..... hard to belive that ebit wiuld be higher than the mcap 3 months ago..... sooooo undervalued still

look at wpp...up 288% overnight on no trading PMSL

they borrowed the TSB IT people to do an update

blimey.... so forget a 1-2B co in less than 2 years.... might need to add a zero !!! Nice blue finish for a change